Indianapolis company Simon Property Group Acquisition Holdings Inc. (SPGS:NYQ) working in Financials sees value fall 95.4% on Sept. 2

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Value in Financials stocks rose 39.7 percent on Sept. 2 from the previous day.

The strongest performing Financials company in Indiana was First Capital Inc. (FCAP:NAQ), sitting 647.2 percent higher to sell at $27.

Simon Property Group Acquisition Holdings Inc. (SPGS:NYQ) fared the worst among Indiana companies, suffering a 95.4 percent drop to $9.86.

Among Indianapolis companies, Simon Property Group Acquisition Holdings Inc. (SPGS:NYQ) saw the biggest fall in value of 95.4 percent on Sept. 2.

The Telecommunications sector was the daily best-performing sector on the market.

Health Care was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors on Sept. 2

Sector% ChangeHighest Positive ChangeLargest Negative Change
Telecommunications40%110,135.7%-90.2%
Financials39.7%33,794,796.9%-100%
Basic Materials12.8%1,454,858.8%-90.9%
Consumer Discretionary11.8%148,847,097.1%-95.3%
Energy9.3%45,208,812.8%-98.2%
Utilities5.9%21,771,926.4%-94.1%
Real Estate5.1%10,390.2%-89.4%
Consumer Staples5%551,283,398.4%-96.9%
Technology0.5%341,698,776.4%-96.3%
Industrials-1.9%404,012,929.3%-95.7%
Health Care-4.2%186,128,669.4%-99.2%

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